All Property articles – Page 378
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Tesco, Next and Arcadia anchor opening of Gallions Reach park
One of the UK’s last major open A1 fashion parks opened last week at Gallions Reach in Beckton, east London.
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Hercules grabs Prospect Place
The Hercules Unit Trust has bought Phase 1 of the Prospect Place retail park in Dartford, Kent from Pillar Property for£36 million, and entered into a commitment to forward purchase Phase 2. The 134,000 sq ft (12,450 sq m) Phase 1 is fully-let to B Q, Carpetright , Allied Carpets ...
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Clarks Village extension launch boosts mall's store count to 80
Outlet mall operator Realm has opened the latest phase of its Clarks Village scheme at Street, Somerset.
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Cheval picks up 34-store Morley raft for £125m
Cheval Properties has paid Morley Asset Management £125 million for a portfolio of 34 prime high street shops across the UK. The sale price reflects an initial yield of 6.05 per cent.
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Plans advance for King’s Lynn redevelopment
Ashcroft Estates’ plans to redevelop King’s Lynn’s blighted and dated 1960s Vancouver Centre have advanced.
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JJB and Tesco snap up stores in Harlow centre
Stannifer’s plans for Harlow’s Harvey Centre have received a boost following major lettings to Tesco and JJB Sports.
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Inditex clinches Bluewater deals
Spanish fashion giant Inditex has stepped up its presence at Bluewater with two deals. Zara is doubling its space in the Kent mega-mall, while Massimo Dutti is to open its fourth UK store at the complex.
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Oxford Street flagship store for River Island
Fashion retailer River Island is to launch an Oxford Street flagship in September opposite John Lewis.
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Asda helps fund Milton Keynes stadium
Asda is to develop another 9,300 sq m Asda Wal-Mart supercentre in Denbigh, Milton Keynes. A planning application has been lodged as part of the Stadium MK project, which will include a 30,000 seat stadium to house the Wimbledon soccer franchise, which is relocating to Milton Keynes. In ...
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ISIS to extend Newbury park after land deal
ISIS Property is to extend its Newbury Retail Park by 25 per cent, following the acquisition of an adjoining 0.9-hectare site for£3.5 million. The Berkshire site has planning consent for 3,580 sq m of open A1 non-food space. Newbury Retail Park comprises 12,065 sq m of retail warehousing, producing an ...
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Wilkinson nets Tesco site at Belle Vale
Wilkinsons has taken over the former Tesco unit that anchors the Belle Vale shopping centre in Liverpool . Landlords St Modwen and LaSalle Investment Management agreed a surrender of Tesco’s lease and then re-let the basement and mall levels of the store to Wilkinsons on a 20-year lease at ...
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Land Securities sells Silk Bridge
Land Securities has sold the freehold interest in the Silk Bridge Retail Park, The Hyde, Hendon, London NW4, to Lothbury Property Trust for £13 million, which reflects a net initial yield of about 5.9 per cent. The property, which has an open A1 non-food consent, has been refurbished by Land ...
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Scottish first at Poundland
Poundland is to open its first branch in Scotland, following a deal with land securities to take units 27-29 in the Princes Mall shopping centre in East Kilbride.
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H&M opens two-storey unit at Scunthorpe
H M has become the latest retailer to open at the Parishes, Quintain’s new shopping centre at Scunthorpe, Lincolnshire.
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Asda grows portfolio by 10 stores
Asda plans to add 10 stores to its existing UK portfolio this year, through a mixture of new site acquisitions and redevelopments. The development programme is valued at £360 million.
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Tops gets go-ahead
Tops Estates has been granted planning permission for 1,860 sq m of new retail space at its Ladysmith shopping centre at Ashton Under Lyme, Manchester.
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Prescott rejects plan for Burntwood outlet centre
Deputy Prime Minister John Prescott has thrown out a planning application by London Cambridge Properties for a 21,800 sq m factory outlet centre at Burntwood in Staffordshire.
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Ellesmere centre overhaul begins
Warner Estate has started a three-stage refurbishment programme for the 32,500 sq m Port Arcades shopping centre at Ellesmere Port in Cheshire.
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Birmingham site for Tesco
Tesco has paid £7.5 million for Monaco House and the Birmingham Automobile Centre on Bristol Street in Birmingham. The price reflects an initial yield of 8.6 per cent, but the market-leading supermarket is understood to have paid a premium to reflect the site’s development potential for a new ...
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Redditch anchor for Debenhams
Debenhams will this month open as anchor at the extended Kingfisher Centre in Redditch, Worcestershire.